AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, discusses why soybeans, corn and cattle all rallied on Tuesday.
AgDay TV Markets Now: Jeff Hoogendoorn Discusses Why Row Crops and Cattle All Ended Higher Tuesday
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, discusses how the CPI data helped soybeans, corn and cattle all rally on Tuesday.
November 14, 2023 05:44 PM
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Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
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